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Matt Carr at Europan Algae Biomass Association Conference Dec2014

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The Evolving Algae Policy 
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Will Federal Policy Drive a New Wave of Algae 
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Matt Carr at Europan Algae Biomass Association Conference Dec2014

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Algae Biomass Organization Executive Director Matt Carr offered some insights into industry trends at the European Algae Biomass Association Conference 2014 in Florence, Italy

Algae Biomass Organization Executive Director Matt Carr offered some insights into industry trends at the European Algae Biomass Association Conference 2014 in Florence, Italy

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Matt Carr at Europan Algae Biomass Association Conference Dec2014

  1. 1. The Evolving Algae Policy Landscape in the United States Will Federal Policy Drive a New Wave of Algae Commercialization in the U.S. or Drive it Away? Ma# Carr, Execu-ve Director mcarr@algaebiomass.org
  2. 2. Platinum Members Gold Members
  3. 3. Corporate Members
  4. 4. U.S. Algae Industry Trends Ø Technology Maturation / Demonstration • R&D, pilot and demonstration facilities throughout the U.S. Algae Biomass Organiza-on | www.algaebiomass.org
  5. 5. U.S. Algae Industry Trends Ø Technology Maturation / Demonstration • DOE-funded integrated algae biorefinery demonstration projects in Florida and New Mexico Ø Sapphire Energy Green Crude Farm Las Cruces, NM Algenol Biofuels Integrated Biorefinery Lee County, FL►► Algae Biomass Organiza-on | www.algaebiomass.org
  6. 6. U.S. Algae Industry Trends Ø Technology Maturation / Demonstration • Offtake contracts with major refiners Algae Biomass Organiza-on | www.algaebiomass.org
  7. 7. U.S. Algae Industry Trends Ø Product Diversification Ø Bioplastics • Algix manufacturing plant opens in Mississippi Ø Biofertilizers • Accelergy validating Terrasync terrestrial sequestration platform Ø Human and Animal Nutrition • Synthetic Genomics deal with ADM to produce omega-3s Algae Biomass Organiza-on | www.algaebiomass.org
  8. 8. U.S. Algae Industry Trends Ø Strategic Partnerships / Globalization Ø Sapphire / Sinopec • Validate and deploy in China Ø Heliae / Sincere Corp • Build first commercial facility in Japan Ø Solazyme / Bunge • Manufacturing plant online in Brazil Algae Biomass Organiza-on | www.algaebiomass.org
  9. 9. U.S. Algae Industry Trends Ø Renewed Focus on CO2 Utilization / Monetization Algae Biomass Organiza-on | www.algaebiomass.org
  10. 10. Growth Built on Supportive Federal Policy Ø U.S. Department of Energy Funding • $100 million for 3 integrated algae biorefinery projects in 2009 • $30 million / year in R&D funding since 2010 • 2010-11 - Algal biofuels consortia • 2012 - Advancements in Sustainable Algal Production • 2013 - Advancements in Algal Biomass Yield • 2014 - Targeted Algal Biofuels and Bioproducts Algae Biomass Organiza-on | www.algaebiomass.org
  11. 11. Growth Built on Supportive Federal Policy Ø Renewable Fuel Standard • Biodiesel / renewable diesel from algae qualifies as advanced biofuel • Up to 21 billion gallons new production mandated by 2022 Ø Tax Code • Second Generation Biofuel tax credits • Algae added in 2013 • $1.01 / gallon production tax credit • 50% bonus depreciation for plant property Algae Biomass Organiza-on | www.algaebiomass.org
  12. 12. Proposed Power Plant CO2 Regulations Could be Major Driver Ø “Clean Power Plan” Proposed Rules for New and Existing Power Plants • Require installation of “Best System of Emission Reduction” for CO2 • Take effect in 2015 • Could drive major investment in carbon capture Algae Biomass Organiza-on | www.algaebiomass.org
  13. 13. But Key Policy Decisions Hang in the Balance Ø Need Explicit Recognition of Carbon Capture and Utilization in Clean Power Plan • For new coal plants: o Proposal prescribes carbon capture and underground storage/sequestration (CCS) • For existing plants: o Affirms CCS as compliance option o Silent on CCU Algae Biomass Organiza-on | www.algaebiomass.org
  14. 14. But Key Policy Decisions Hang in the Balance Ø Renewable Fuel Standard • Proposed rule would cut advanced biofuel volumes o EPA announced final rule will not be issues until 2015 o Legal challenges to follow • More than 30 fuel pathways still awaiting approval Ø Tax Code • 2nd Gen tax credits expired Dec 31, 2013 o Still awaiting “tax extenders” package o Obama has threatened to veto Algae Biomass Organiza-on | www.algaebiomass.org
  15. 15. ABO Policy Priorities Ø Support for CO2 Utilization • In EPA 111(b)/111(d) Clean Power Plan • DOE Funding Ø Strong, stable advanced biofuels policy • RFS • Tax Code Ø Algae as agriculture • Biomass Crop Assistance Program • Crop Insurance Algae Biomass Organiza-on | www.algaebiomass.org
  16. 16. We The People … Embrace CO2 Ø ABO “We the People” Petition • Asked the White House to include CCU in EPA Clean Power Plan • 348 signatures • 45 states • 215 cities Algae Biomass Organiza-on | www.algaebiomass.org
  17. 17. Join Us – RecycleCarbon.org Algae Biomass Organiza-on | www.algaebiomass.org
  18. 18. 2015 Algae Biomass Summit Washington, DC September 30 – October 2, 2015 Algae Biomass Organiza-on | www.algaebiomass.org

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